Ms. Palma wins against the Bank
Homeowner Victory
Real Solutions 
By Henni Espinosa, ABS-CBN North America Bureau
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Redwood Shores, CA - 73-year Corazon Palma made history when she became the first person in California to win her house back from her lender even after her 4-bedroom house in San Jose, California was foreclosed.
Palma staged a battle against Washington Mutual through a wrongful foreclosure lawsuit - and she refused to back down.
Palma is a cancer-survivor who lives on a fixed income. So in 2008, she asked her lender to lower her monthly mortgage payments of $3,900 a month.
A year later, she said that her lender promised to send her a loan modification packet. Instead, a Coldwell Banker real estate broker came to her house to notify her that her house had been foreclosed at a Trustee Sale.
Palma said, "I was so shocked. It felt like a bucket of cold water fell on me. When they gave me the note, I called my attorney."
She sought the help of Attorney Kenneth Graham, who represents many Filipino homeowners in Northern California.
Graham said, "WAMU deceived Mrs. Palma into thinking they were making loan modification efforts on her behalf while they were secretly planning a foreclosure sale on the property."
Her fight in court paid off. Last January, a judge ruled that Palma be awarded back her house.
Last Friday, she attended a court hearing in San Jose to find out the terms of the judgment. Palma would have to wait until December 3 to know if she will end up getting her house back for free.
Graham said, "The best case scenario for Mrs. Palma is if a judge rules that the lender has no further right to exercise the loan against the property. Hence, Mrs. Palma gets the property for free."
Worst case scenario for Palma - is that she continues to pay her mortage but at a lower monthly rate.
No matter the judgment, Palma said she's glad she won the fight to keep her home.
She said, "But I know other homeowners are being abused as well and lenders really need to be taught a lesson for deceptive practices to stop."
If you are an abused homeowner and feel that your house has been wrongfully foreclosed, you may contact the Law Offices of Kenneth Graham at (925) 932-0170 or visit their office at 1575 Treat Blvd. #105, Walnut Creek, California or their website, www.elaws.com.
Let us help you. After successfully helping others solve their problems with homes and investment properties, we would like to help you. While this is a great opportunity for many, it may not be right for you. If you are interested protecting your future just call, stop by, or attend an informative workshop.
Attend a Free 90 minute workshop. Get the facts, not opinions on how other homeowners just like you have successfully resolved their problems. Guest speakers include Kenneth R. Graham, Attorney at Law, and Pia Gutierrez, Forensic Loan Analyst. Check our website www.elaws.com for an updated list of workshops.
Simply Call (925) 932-0170
"There is absolutely no obligation, and I Guarantee It will be Time Well Spent" -Kenneth Graham, Attorney